Tech
Robotic arm throws man in the garbage can
Getty Images
generating fear

Employees who use generative AI are more likely to worry about losing their jobs to generative AI

Rani Molla

People who use generative AI are getting confident with it, according to findings from a new survey from BCG of more than 13,000 employees. They also think they’re playing with fire.

About half of those who use generative AI tools regularly at their jobs think those jobs will disappear in the next decade, compared with about a quarter of those who don’t use the tech.

“Employees who regularly use generative AI are more likely to worry about job security because they recognize AI's potential to automate tasks, often lack adequate training, and feel unprepared for the shift towards more strategic roles,” Matt Kropp, BCG managing director and senior partner, told Sherwood. “This heightened awareness and the ongoing organizational changes contribute to their increased anxiety about the future of their jobs.”

Regular genAI use has increased across all parts of organizations, but it’s still the highest among the management class. Currently 82% of leadership uses AI for work, compared with 43% of frontline employees.

Interestingly enough, leadership’s familiarity with genAI hasn’t cause them to worry much about their future employment.

“While our results did indicate that some leaders are also prone to believing their jobs could disappear over the next decade, they generally express more confidence in genAI and do not necessarily view it as a direct threat to their roles,” Kropp said. “This confidence is bolstered by better access to AI training and a clearer understanding of how AI can be integrated to drive organizational success”

People who use the technology are most likely to say it helps them save time and work more quickly. They also credit it with increasing the quality of their work and lessen administrative tasks. About half of employees said they saved at least five hours a week using the tech at work.

Fortunately for those fearful of their jobs, the pivot to AI will likely take longer than their bosses think.

More Tech

See all Tech
tech

Apple delays release of next iPhone Air as consumers greatly prefer the standard and Pro models

When Apple releases its iPhone 18 next year, there will be a Pro model and a foldable model, but no iPhone Air, The Information reports. That’s because demand for the newest, thinnest iPhone has been exceptionally low even as iPhones generally have sold above expectations. Indeed, Apple notched an iPhone revenue record for the September quarter.

While the company had set aside only 10% of its manufacturing capacity for the iPhone Air, even that portion has remained unsold, The Information reports. Meanwhile, early sales of the iPhone 17 and 17 Pro have handily beaten last year’s version, and have been driving overall iPhone sales. Nikkei Asia previously reported that Apple was “drastically” cutting back manufacturing of the iPhone Air “end of production” levels. A KeyBanc survey also recently found “virtually no demand for iPhone Air,” which people have criticized for its lower battery life among other compromises for its small size.

As of yet, there’s no new release date for the next iPhone Air, but Apple has yet to explicitly cancel it.

While the company had set aside only 10% of its manufacturing capacity for the iPhone Air, even that portion has remained unsold, The Information reports. Meanwhile, early sales of the iPhone 17 and 17 Pro have handily beaten last year’s version, and have been driving overall iPhone sales. Nikkei Asia previously reported that Apple was “drastically” cutting back manufacturing of the iPhone Air “end of production” levels. A KeyBanc survey also recently found “virtually no demand for iPhone Air,” which people have criticized for its lower battery life among other compromises for its small size.

As of yet, there’s no new release date for the next iPhone Air, but Apple has yet to explicitly cancel it.

tech

Tesla’s China sales hit three-year low

Tesla sold just 26,000 vehicles in China last month, down 36% from the more than 40,000 it sold in October 2024 and the lowest it’s been since November 2022. China is Tesla’s second-biggest market after the US, where sales are expected to fall following the end of the $7,500 federal EV tax credit. Sales also fell in a number of countries in its third-biggest market, Europe, in October.

In China, Tesla faces increased competition from companies like BYD and XPeng, which is also getting into the robotaxi and robot markets. Notably, China also saw lower car sales overall in October amid weaker consumer sentiment.

Fortunately for Tesla, which is now focusing more on its robot, autonomous taxi, and AI goals, analysts are also placing less of an emphasis on its car business.

In China, Tesla faces increased competition from companies like BYD and XPeng, which is also getting into the robotaxi and robot markets. Notably, China also saw lower car sales overall in October amid weaker consumer sentiment.

Fortunately for Tesla, which is now focusing more on its robot, autonomous taxi, and AI goals, analysts are also placing less of an emphasis on its car business.

tech

Anthropic’s move to diversify from Nvidia chips may give it an edge against OpenAI

Anthropic has reportedly been upping its revenue forecasts, and appears to be catching up to market leader OpenAI.

Anthropic’s thriving API business is juicing its revenues, and it has made some strategic moves that are boosting its margins.

Unlike OpenAI’s all-Nvidia strategy, Anthropic has diversified to also use chips from Amazon and Google, according to a report from The Information.

The cheaper, more efficient chips may be part of the reason that Anthropic is projecting that it will be profitable in 2027.

The report also notes that OpenAI’s expensive $40 billion “backup” server build-out is part of its plan to eventually monetize hundreds of millions of nonpaying ChatGPT users, while Anthropic is generating 80% of its revenue from paid API access and isn’t spending as much to serve its much smaller base of free users.

Unlike OpenAI’s all-Nvidia strategy, Anthropic has diversified to also use chips from Amazon and Google, according to a report from The Information.

The cheaper, more efficient chips may be part of the reason that Anthropic is projecting that it will be profitable in 2027.

The report also notes that OpenAI’s expensive $40 billion “backup” server build-out is part of its plan to eventually monetize hundreds of millions of nonpaying ChatGPT users, while Anthropic is generating 80% of its revenue from paid API access and isn’t spending as much to serve its much smaller base of free users.

tech

In hopes of teasing out more sales, Tesla is renting cars for $60 a day

After a record sales quarter, analysts expect Tesla sales to fall in the current quarter, as the end of the government’s $7,500 EV tax credit crimps electric vehicle sales in general.

Tesla has a plan: it’s now renting Teslas from select dealerships, starting in Southern California, for up to a week at a time, starting at $60 a day.

The company has thrown in freebie features like Supercharging and Full Self-Driving (Supervised), and is giving those who choose to buy a Tesla within a week of their rental experience a $250 credit.

Will that help keep Tesla sales from falling? (Analysts polled by FactSet forecast sales in the fourth quarter to be down 9% and the full year to fall 7%, compared to the same period a year earlier.) Probably not, but supposedly car sales don’t really matter anymore to Tesla anyway: Tesla has its sights set on owning a future without poverty or crime but with driverless robotaxis and robot surgeons.

Shares of Tesla were up 2.3% in premarket trading as broader markets rose. Through Friday’s close, they were up 13% for the year, slightly underperforming the S&P 500.

The company has thrown in freebie features like Supercharging and Full Self-Driving (Supervised), and is giving those who choose to buy a Tesla within a week of their rental experience a $250 credit.

Will that help keep Tesla sales from falling? (Analysts polled by FactSet forecast sales in the fourth quarter to be down 9% and the full year to fall 7%, compared to the same period a year earlier.) Probably not, but supposedly car sales don’t really matter anymore to Tesla anyway: Tesla has its sights set on owning a future without poverty or crime but with driverless robotaxis and robot surgeons.

Shares of Tesla were up 2.3% in premarket trading as broader markets rose. Through Friday’s close, they were up 13% for the year, slightly underperforming the S&P 500.

tech
Rani Molla

Amazon expands low-price Haul section to 14 new markets as Amazon Bazaar app

Amazon is expanding its low-cost Amazon Haul experience to a new stand-alone app called Amazon Bazaar.

Amazon launched its Temu and Shein competitor a year ago as a US mobile storefront on its website and has since expanded to about a dozen markets. Consumers could purchase many items for under $10, as long as they were willing to stomach longer delivery times.

Now, thanks to success in those places, the programming is expanding to 14 new markets — Hong Kong, the Philippines, Taiwan, Kuwait, Qatar, Bahrain, Oman, Peru, Ecuador, Argentina, Costa Rica, the Dominican Republic, Jamaica, and Nigeria — with a new app and name: Amazon Bazaar.

“Both Amazon Haul and Amazon Bazaar deliver the same ultra low-price shopping experience, with different names chosen to better resonate with local language preferences and cultures,” the company said in a press release.

Now, thanks to success in those places, the programming is expanding to 14 new markets — Hong Kong, the Philippines, Taiwan, Kuwait, Qatar, Bahrain, Oman, Peru, Ecuador, Argentina, Costa Rica, the Dominican Republic, Jamaica, and Nigeria — with a new app and name: Amazon Bazaar.

“Both Amazon Haul and Amazon Bazaar deliver the same ultra low-price shopping experience, with different names chosen to better resonate with local language preferences and cultures,” the company said in a press release.

Latest Stories

Sherwood Media, LLC produces fresh and unique perspectives on topical financial news and is a fully owned subsidiary of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate, including Robinhood Markets, Inc., Robinhood Financial LLC, Robinhood Securities, LLC, Robinhood Crypto, LLC, or Robinhood Money, LLC.